iGaming News all over the world 10.11.2010

10.11.2010, G2E 2010 highlights and special events / Internet Betting the New Revenue Generator for Governments / Mega Mergers Something to Watch When Investing in Online Gambling / Velocity Gaming to Start New Online Casino In Europe

G2E 2010 highlights and special events
More than 26,000 gaming industry professionals are expected to attend Global Gaming Expo 2010 where they will explore innovations in gaming and get a first-hand look at the ground-breaking ideas that will carry the industry into the future. This year, G2E celebrates its 10th anniversary and a decade of gaming industry achievements with multiple festivities.

G2E 2010 is scheduled for November 16-18 at the Las Vegas Convention Center and is the gaming industry's premier international trade show and conference event. Highlights and facts about this year's event include:

Show Floor: More than 520 exhibitors, including 87 from 25 countries outside of the United States, will showcase the latest products and services for the gaming industry in 250,000 square feet of exhibit space.

Conference: More than 130 conference sessions will feature more than 435 expert presenters, including gaming industry leaders, financial experts and other industry insiders.

10th Anniversary Festivities: In celebration of its 10th anniversary, G2E is offering a number of exciting events for attendees.

- Ribbon Cutting Ceremony, Tuesday, Nov. 16: The show floor will open at the completion of the ribbon cutting ceremony, which will take place in the lobby of the Las Vegas Convention Center and feature several surprise celebrity guests.

- 10th Anniversary Lounge, Tuesday, Wednesday & Thursday afternoons: Special treats in honor of the first decade of G2E will be offered in the lounge in Hall C5.

Pavilions: The G2E 2010 show floor includes four educational pavilions where attendees can explore top industry trends and experience the latest casino technologies.

- iGaming: New to G2E, the iGaming pavilion will include Internet gaming software products to support online games such as poker, sports betting and bingo. It also will host support systems including marketing tools, live gaming software, payment technologies and much more.

- Casino Design: Nearly 30 exhibitors will display the products and services that create exciting casino environments, including architecture, construction, interior design, land use, decor and themed environments.

- Security & Surveillance: Twenty world-class suppliers of security devices and services will showcase products such as CCTV, facial recognition software, multi-plexers and alarms.

- Technology: Nearly 70 exhibitors will showcase the latest devices such as video lottery terminals, gaming software, hospitality software, LCD monitors, LED screens and a variety of other technologies.

Global Markets Forum: Sponsored by Spectrum Gaming Group, this conference track provides an overview and update on casino operations and regulations in gaming jurisdictions around the world, from Latin America to Macau. Part of the three-day conference, the expert-led sessions will discuss investments in international markets, lessons learned, integration and sovereignty.

Keynotes: Bringing together a unique combination of entertainment and industry perspectives, the G2E keynote events will provide attendees with exclusive access to experts on top gaming issues. All keynotes, unless noted, will be held at 10:30 a.m. in room N250. Featured speakers include:

- Geoff Colvin, Tuesday, November 16: Colvin, senior editor-at-large of FORTUNE, will discuss the leading economic issues impacting the commercial casino industry, as well as the results of the recent midterm elections.

- Gary Loveman, Wednesday, November 17: Loveman, chairman, president and CEO of Harrah's Entertainment, Inc., will discuss the importance of addressing false and misleading claims about gambling. This keynote event is open exclusively to G2E Conference attendees and will take place at 2:00 p.m. in room N250.

- State of the Industry Keynote: Gaming Legends, Wednesday, Nov. 17: Jon Ralston, host of the popular Las Vegas public affairs program, "Face to Face with Jon Ralston," will moderate the discussion. Panelists include: Burton M. Cohen, director, MGM Resorts International; Frank J. Fahrenkopf Jr., president and CEO, American Gaming Association; Chuck Mathewson, former chairman, International Game Technology; and Steven P. Perskie, J.S.C. (ret.), counselor to Perskie Mairone Brog & Baylinson and former chair of the New Jersey Casino Control Commission.

- Tribal Crossfire: Native American Leaders Roundtable, Thursday, Nov. 18: The panel will be moderated by Victor Rocha, the owner and editor of Pechanga.net. Panelists include: Honorable Leslie Lohse, chairwoman, California Tribal Business Alliance; Kurt Luger executive director, Great Plains Indian Gaming Association; Sheila Morago, executive director, Arizona Indian Gaming Association; Brian Patterson, president, United South & Eastern Tribes, Inc.; Daniel J. Tucker, chairman, California Nations Indian Gaming Association; and Mark Van Norman, executive director, National Indian Gaming Association (NIGA).

North Hall: The G2E North Hall is dedicated to non-gaming amenities and is the place where entertainment executives can examine new products, preview premier entertainment and network with more than 110 exhibitors from non-gaming sectors.

- F&B at G2E: This area features focused exhibit space and special events to address the growing importance of the food and beverage (F&B) sector to the industry's bottom line.

- Entertainment Arena at G2E: Industry professionals can experience the latest technologies, products and services that bring to life the leading performances and events now associated with the international gaming industry.

NCRG at G2E: G2E is proud to team up with the National Center for Responsible Gaming (NCRG) again this year to offer an NCRG-sponsored track - designated as NCRG at G2E - on Tuesday, November 16. It will include conference sessions focusing on current disordered gambling research and best practices in responsible gaming and bring together G2E attendees with attendees of the 11th annual NCRG Conference on Gambling and Addiction.

For more information on G2E, visit the Web site at www.globalgamingexpo.com

Yogonet.com

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Internet Betting the New Revenue Generator for Governments
Some people get upset with their government for trying to advertise the lottery or casinos. Critics of gambling in general say that it is a vise that steals vast sums of cash from the poor who look to the lottery and gambling as a possible solution to their financial troubles.

Many times people say when I win the big one I’ll be set for life. People do win and sometimes the wins are big depending on the risks taken. The lure to play at casinos has never been more obvious with the television adverts, billboards and other campaigns created by government agencies to get people to put their cash into the system.

Luck plays a big role in life and so many individuals see their fortunes spinning on the roulette wheel the slot machines or the turn of the cards as a viable way to seek success.

There are rules that one should set out before temping lady luck with the insertion of a bank card or twenty dollar bill. First of all know your limits, if you are putting money on the line that’s should be used to feed your family restrict that impulse to play more.

That being said it becomes a matter of will power to resist risking more than one can really afford. It becomes harder when the advertising portrays riches beyond the average dream with tuxedos, gowns, fine cars, and massive houses as the lure.

Online gambling possesses the same life changing opportunity but on a much more personal level. The internet gambler can be easily distracted by the comfort level that prevails by the experience of playing in your own home. It may be that very accessibility that can create a lack of discretion when it comes to playing to the max. Yet the interaction is great entertainment for many gamblers who see it as a past time worth the money.

As government agencies tend to promote gambling, critics advise people to beware of the problems that could arise from the over use of online gambling. The need for revenue generators has put online gambling on the front burner for governments and it is always wise to remember that freedom of choice means you are still in control.

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Mega Mergers Something to Watch When Investing in Online Gambling
In the online gambling industry the concept of bigger is better seems to be the normal way of thinking. News about the world of online gambling does suggest that his is indeed true. Mergers and acquisitions of web sites has become a common practice as the successful web sites are subject possible buy outs by the mega industry leaders. Witness the large aggressive companies such as Bwin and Party Gaming that have made it a priority to get the biggest possible share of the online gambling market. By merging these companies are following a path that only a few start up firms can compete with effectively.

Speculation about the firms that will consolidate or merge next is high on the agenda of prospective investors. Knowing which companies that will combine their assets could spell major profit for those who get there before the other guy or for that matter before the announcements are presented.

Consumer loyalty is another aspect of the consolidation situation where certain jurisdictions are known for customer loyalty mergers may be considered ill advised and risky. France being a good example of a jurisdiction that favours it’s own field over all others. The race for dominance is heating up all over the world to provide the best deal in terms of taxes and regulatory conditions. In order to maintain a fair share of the massive online gambling market developers as well as operators search for a positive and stable places to put their effort and money.

Ladbrokes 888 and other significant firms in the industry make serious financial commitment to the ongoing process of competing for that market share. Staving off the richest and most powerful of operations can be a major drain on company resources. Strategic mergers are costly and they may not be as profitable as everyone may think when adding in the competition and jurisdictional factors. Watching today’s online gambling industry change can be as fascinating to investors as the world of gambling itself.

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Velocity Gaming to Start New Online Casino In Europe
Reality shows on television are all the rage these days and with program developers getting in on the online gambling trend we are about to see more and more producers turning their talents into online gambling gold.

The Mashantucket Pequot Tribe based in St.Louis USA and it’s development wing Foxwoods Development Co has announced plans to build an online,gambling web site in the European facing jurisdiction. The plan includes a partnership with Goodson Gaming, whose founder and president has created such game shows as "The Price is Right" and "Family Feud." These shows among others have been huge syndicated hits world wide.

Foxwoods Development company’s president, Gary Armentrout, commented, "We’re going to pursue a license or licenses in those jurisdictions where Internet gaming is fully legal, regulated and taxed," Armentrout, added, "We’re proposing a unique business model combining a live TV game show with an Internet gaming site, and cross-promoting both to drive customers to the TV show as well as to the gaming site."

The new entity will be called Velocity Gaming, and it is suggested it is negotiating a deal in as yet unidentified European country. According to Armentrout there is no capital being invested, "We are contributing our expertise in casino operations, games management and marketing in the same way Goodson is contributing expertise in television game show production," he continued. A critcal mass is in the works with Goodson and Gaming Solutions International, which has been involved in the lottery industry for more than 25 years. This partnership has produced many successful lottery television productions, in many parts of the world including in the United States and South Africa. Gaming Solutions International’s Mark Hutchinson, has been named the president of Velocity Gaming commented on the arrangemnet, "My partner, Goodson, is the TV guy and Foxwoods Development is the land-based casino operator."

Über iGaming News:

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